oboloo

oboloo Glossary

Maximum Profit

oboloo Glossary

Maximum Profit

Maximum Profit is a business concept that focuses on achieving the highest possible return on investment. It is achieved by creating and selling products or services at the maximum price that customers are willing to pay, while simultaneously minimizing expenses. This results in the highest possible net profit for the business. Maximum Profit can be used by businesses of all sizes – from start-ups to established multinational firms – as a guiding principle when making decisions about pricing, marketing, product and service development, and cost management. The potential for maximum profit must be balanced with customer satisfaction and long-term sustainability.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971